Bitcoin prices plunged, with intraday losses exceeding 2%! Samsung Blockchain Technologies ETF (03171.HK) dropped over 1% during the session.

NewTimeSpace News: On April 12, Bitcoin pricesplunged, briefly tumbling to$71,300with intraday lossesexceeding 2%. The sell-off draggedSamsung Blockchain Technologies ETF (03171.HK)down over1%during the session.

Per CoinGlass data,106,360 traderswere liquidated globally in the past 24 hours, with total liquidation volume hitting$306 million—comprising$166 millionin long positions and$140 millionin shorts.

Samsung Blockchain Technologies ETF (03171.HK)offers exposure to global blockchain-related enterprises. As Asia’s first blockchain-themed ETF, it provides a specialized investment vehicle for participating in the sector’s growth, employing anactively managed strategyto select quality blockchain companies and capture industry opportunities.

Geopolitical catalyst:US Vice President JD Vance held a press conference at theSerena Hotel in Islamabad, Pakistan, stating that US-Iran negotiations hadfailed to produce an agreementdespite roughly21 hoursof talks. While both sides engaged in multiple rounds of "substantive discussions," significant gaps remained, forcing the US delegation to walk out first.

Institutional moves:Morgan Stanley Digital Asset Strategy HeadAmy Oldenburgrevealed in an interview that the firm filed for Ethereum and Solana-tracking ETFs in January, but likely won’t stop there.Tokenized money market fundsrepresent a natural next step on its crypto roadmap, with additional exploration into using digital assets to offset capital gains taxes and Bitcoin-based yield and lending services.

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